Ramaphosa's big Eskom plan - and the big price tag it comes with Sona2019
JOHANNESBURG – "Eskom is too vital to our economy to be allowed to fail." That was what President Cyril Ramaphosa said about the embattled power utility during his State of the Nation Address on Thursday.
The president said this plan was in line with the recommendations of both the Eskom Sustainability Task Team and the Technical Review Team, which were appointed by government to assist the debt laden power producer.“The utility’s financial position remains a matter of grave concern,” he said. Ramaphosa said this committed funding ensured that Eskom had sufficient cash to meet its obligations until the end of October 2019. He said Mboweni would further elaborate on the details of the Special Appropriation Bill in due course.
Hadebe is expected to serve his notice until the end of July. He cited health reasons for his sudden resignation, but the president heaped praise on him in his Sona. He also took the opportunity to affirm the board, despite calls from the National Union of Mineworkers to fire the board.
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